Top 3 Best Renters
Insurance
In Bear, DE

How much is Renters Insurance in Bear?

The renters insurance price study is based on an applicant profile of a single, 20-year-old who has filed no claims in five years. Coverage includes medical payments coverage of $5,000, personal property at $10,000. The average price in Bear ranges from $184.6 to $211.4 based on our quote history.

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Estimated Renters Insurance Premiums in Bear

Why do you need renters insurance?

Although most states do not require tenants to buy renters insurance, apartment complexes and
landlords often require tenants to purchase Renters Insurance before signing the lease agreement.
Because landlord's own insurance only covers the damage to the actual dwelling, your renters
insurance will protect your belongings inside the apartment in case of fire, theft or damage.

The 7 common renters insurance discounts

Most carriers provide various discounts for renters insurance as well just like for auto insurance.
Here are some most common discounts. You can also check this blog for more details.

Discount

Description

Multi-Policy

If you purchase both renters and auto insurance from the same company, you may qualify a
discount for
the auto insurance.

Secure Home

If you have extinguishers, burglar alarms devices or you are in a gated community, you may
qualify for the secured home discount. This averages about 5% from quite a few carriers.

Claim-free

Just like auto insurance is lower for accident-free drivers, renters insurance is also
cheaper for claim free tenants. If you have never reported any claims before, you will
qualify for the claim-free discounts from quite a few carriers.

Age

Usually, for renters insurance, older people pay less than younger people for a similar
property. So, if you’re a college student and trying to find a renters policy for your
apartment near school, you probably will pay more.

Good Credit

A customer with a credit score higher than 700 can often get a better rate than those who
don’t.

Pay-in-full

If the carrier supports both monthly and yearly payment, usually paying-in-full will give
you a discount. In other words, if you choose to pay monthly, you should pay attention to
the extra fee charged by your carrier.

Paperless

A few carriers even provide paperless discounts. But more and more new insurance carriers do
not offer it probably because the overall cost has already been saved.